1. Today’s Schedule – 10/11 “Other” Organizations PPT HW: – Franchise Research – Due Next Friday – Study for Ch. 8 Quiz – Taking Thursday

2. OTHER ORGANIZATIONS

3. Business Franchises Semi-independent business – Pays a fee to parent company (franchiser) – In return franchise is granted right to sell G&S Owner has some control with the comfort/support of the parent company

4. Franchises- Advantages Established reputation – Standard quality Support from parent company – Training programs – National advertising – Financial assistance – Central buying power- bought by franchiser

5. Franchises- Disadvantages  High fees to franchiser – Royalties: share of the earnings Strict operating standards Purchasing restrictions Limited products to sell

6. Cooperative Organizations (“Co-ops”) Business owned and operated by a group of people for their benefit

7. Types of Co-ops Consumer: Stores owned/operated by consumers – Costco Service: Provide S rather than G – Credit unions Producer: Agriculture co-ops that help members sell their G

8. Nonprofits Businesses that benefit society Goal is not to generate profit Exempt from taxes Can receive government support

9. Types of Nonprofits Professional Orgs: Businesses to improve particular occupations (ABA, NEA) Business Associations: Promote collective business interests of a group of similar businesses (BBB)

10. Types of Nonprofits Trade Associations: Promote interest of a particular industry Labor Unions: Organized group of workers trying to improve working conditions